The serial acquirer is buying Delaware Place Bank, which is less than 1% of its size.
“Sometimes Washington picks the winners for you,” said Manny Friedman, CEO of the hedge fund EJF Capital.
It might make sense to scrap a decades-old name, especially for banks with aggressive growth plans.
Anderson Insurance & Investment Agency in Minneapolis also specializes in workers' compensation services.
Domenick & Associates also specializes in serving social service organizations.
The $350 million acquisition is among the biggest bank mergers announced so far this year.
The Boston-area bank will add branches near New Hampshire after buying the cooperative bank.
In stunning all-cash $3B merger, every investment adviser is put on notice that the future is in digital wealth management.
Capitol Federal will enter commercial lending for the first time in its 125-year history after it buys Capital City Bank.
Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense.
